MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Extends Decline on Mild Weather and Norway Return

NATURAL GAS

TTF front month extends the pullback from a peak of 45€/MWh on 25 Sep driven by a lack of cold weather in the forecast combining with the return of Norwegian supplies.

    • TTF OCT 23 down -4.1% at 38.67€/MWh
    • TTF WIN 23 down -1.8% at 45.7€/MWh
    • TTF SUM 24 down -1.1% at 47.25€/MWh
  • Norwegian pipeline supplies to Europe are today nominated back up slightly to 237.2mcm/d with further capacity coming back online this week. Outages are expected to fall from 121mcm/d today to 63mcm/d by the weekend according to Gassco.
  • The latest two week weather forecast is still showing above normal temperatures for the next week in NW Europe and has moved slightly warmer back just above normal into week two.
  • European natural gas storage is up to 95.08% full on 25 Sep according to GIE data with injection rates recovering this week and compared to the five year average of 86.55%.
  • LNG sendout to Europe is holding around 250mcm/d this week and below an average of 292mcm/d so far in September and around 370mcm/d this time last year.
  • Gas transit flows through Ukraine are steady at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are still strong at 79.9mcm/d today.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.